Addison Advisors LLC Sells 1,988 Shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB)

Addison Advisors LLC cut its stake in shares of Vanguard Tax-Exempt Bond ETF (NYSEARCA:VTEB) by 29.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,692 shares of the company’s stock after selling 1,988 shares during the quarter. Addison Advisors LLC’s holdings in Vanguard Tax-Exempt Bond ETF were worth $240,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VTEB. JPMorgan Chase & Co. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 19.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 71,018,853 shares of the company’s stock valued at $3,416,007,000 after acquiring an additional 11,344,416 shares during the period. TIAA Trust National Association bought a new position in shares of Vanguard Tax-Exempt Bond ETF during the 3rd quarter valued at approximately $369,755,000. Creative Planning grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 8.8% during the 3rd quarter. Creative Planning now owns 21,496,140 shares of the company’s stock valued at $1,033,964,000 after acquiring an additional 1,742,080 shares during the period. Sei Investments Co. grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 20.7% during the 3rd quarter. Sei Investments Co. now owns 9,226,218 shares of the company’s stock valued at $443,782,000 after acquiring an additional 1,584,755 shares during the period. Finally, FMR LLC grew its stake in shares of Vanguard Tax-Exempt Bond ETF by 10.7% during the 3rd quarter. FMR LLC now owns 15,508,116 shares of the company’s stock valued at $745,940,000 after acquiring an additional 1,498,184 shares during the period.

Vanguard Tax-Exempt Bond ETF Trading Up 0.1 %

Shares of NYSEARCA:VTEB traded up $0.04 during mid-day trading on Friday, reaching $49.79. 2,998,131 shares of the company traded hands, compared to its average volume of 4,150,720. The company’s 50 day moving average price is $50.39 and its 200-day moving average price is $49.99. Vanguard Tax-Exempt Bond ETF has a 52 week low of $47.14 and a 52 week high of $51.15.

Vanguard Tax-Exempt Bond ETF Company Profile

The Vanguard Tax-Exempt Bond ETF (VTEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of investment-grade debt issued by state and local governments and agencies. Interest is exempt from US income tax and from AMT. VTEB was launched on Aug 21, 2015 and is managed by Vanguard.